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Nippon Parking Development Co., Ltd.
(2353)
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Rating:65Neutral
Price Target:
¥277.00
▲(6.54% Upside)
Action:Downgraded
Date:09/12/26
The score is led by solid operating performance and growth, but is held back by volatile free cash flow and rising leverage. Technical signals are mixed with weaker near-term momentum, while valuation is supportive due to a moderate P/E and a solid dividend yield.
Positive Factors
Revenue Growth
The substantial multi-year increase in revenue indicates that the parking-operation model has expanded meaningfully rather than relying only on a single strong period. Continued growth broadens the operating base, supports reinvestment, and can strengthen the company’s position with property owners and customers over the next several quarters.
Negative Factors
Rising Leverage
The increase in debt and move to debt exceeding equity reduce balance-sheet flexibility compared with earlier years. Higher leverage makes the company more sensitive to funding costs and operating setbacks, potentially limiting its ability to invest, absorb volatility, or return capital while maintaining financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The substantial multi-year increase in revenue indicates that the parking-operation model has expanded meaningfully rather than relying only on a single strong period. Continued growth broadens the operating base, supports reinvestment, and can strengthen the company’s position with property owners and customers over the next several quarters.
Read all positive factors
Nippon Parking Development Co., Ltd. (2353) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥83.57B
Dividend Yield3.53%
Average Volume (3M)1.78M
Price to Earnings (P/E)13.7
Beta (1Y)0.65
Revenue Growth10.52%
EPS Growth21.96%
CountryJP
Employees1,120
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)18.35
Shares Outstanding348,398,600
10 Day Avg. Volume1,456,400
30 Day Avg. Volume1,778,703
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)3.77
Price to Sales (P/S)1.91
P/FCF Ratio82.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)18.95
Revenue Forecast (FY)¥45.05B
Nippon Parking Development Co., Ltd. Business Overview & Revenue Model
Company Description
Nippon Parking Development's core business is the comprehensive consulting and management of parking facilities. The company leases unused parking spaces in existing buildings from property owners and then rents them out through various contract t...
How the Company Makes Money
The company makes money mainly by operating and managing parking facilities and earning fees tied to parking usage and parking-facility operations. Key revenue streams typically include (1) parking usage income collected from drivers (time-based o...
Nippon Parking Development Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.71B | 36.83B | 32.69B | 31.86B | 26.27B |
| Gross Profit | 16.28B | 14.73B | 12.67B | 11.97B | 9.74B |
| EBITDA | 10.81B | 9.64B | 8.04B | 7.55B | 5.83B |
| Net Income | 5.80B | 4.80B | 5.10B | 4.41B | 3.13B |
Balance Sheet | |||||
| Total Assets | 61.01B | 49.98B | 42.14B | 29.08B | 27.60B |
| Cash, Cash Equivalents and Short-Term Investments | 27.52B | 21.66B | 16.62B | 11.05B | 11.64B |
| Total Debt | 23.22B | 18.63B | 15.95B | 7.91B | 9.30B |
| Total Liabilities | 36.06B | 27.11B | 23.57B | 15.13B | 15.87B |
| Stockholders Equity | 20.60B | 19.43B | 15.86B | 11.76B | 9.91B |
Cash Flow | |||||
| Free Cash Flow | 945.29M | 3.71B | 696.42M | 1.94B | 2.26B |
| Operating Cash Flow | 8.21B | 8.18B | 6.20B | 6.12B | 3.94B |
| Investing Cash Flow | -9.27B | -4.89B | -7.36B | -2.57B | -1.36B |
| Financing Cash Flow | -359.97M | 1.20B | 6.49B | -4.25B | -4.50B |
Nippon Parking Development Co., Ltd. Technical Analysis
Negative
260.00
Price Trends
260.78
Negative
250.65
Positive
256.23
Negative
Market Momentum
-1.04
Positive
40.08
Neutral
10.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2353, the sentiment is Negative. The current price of 260 is below the 20-day moving average (MA) of 265.45, below the 50-day MA of 260.78, and above the 200-day MA of 256.23, indicating a bearish trend. The MACD of -1.04 indicates Positive momentum. The RSI at 40.08 is Neutral, neither overbought nor oversold. The STOCH value of 10.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2353.
Nippon Parking Development Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥123.24B | 13.11 | ― | 3.33% | 3.60% | 4.62% | |
73 Outperform | ¥88.99B | 12.79 | ― | 3.28% | 0.89% | 13.66% | |
70 Outperform | ¥57.11B | 8.78 | ― | 3.13% | 10.25% | 6.33% | |
69 Neutral | ¥130.72B | 16.21 | ― | 3.87% | 1.86% | 50.49% | |
68 Neutral | ¥317.00B | 7.40 | 42.56% | 1.61% | 4.46% | 203.73% | |
65 Neutral | ¥83.57B | 13.73 | 29.98% | 3.53% | 10.52% | 21.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:2353
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Nippon Parking Development Co., Ltd. Corporate Events
Nippon Parking Development Sees Limited Impact from Ski Subsidiary Earnings Variance
Sep 11, 2026
Nippon Parking Development Co., Ltd., a Tokyo Stock Exchange Prime Market-listed firm, operates in parking and infrastructure services while also managing leisure and tourism assets via its ski resort subsidiary, Nippon Ski Resort Development Co.,...
Nippon Parking Development Beats Profit Forecast on One-Off Gains
Sep 11, 2026
Nippon Parking Development reported full-year non-consolidated results for the fiscal year ended July 31, 2026 that were broadly in line with its forecast on the operational side. Net sales came in at ¥12.26 billion and operating profit at &#...
Nippon Parking Development Plans Broad Stock Option Grant to Boost Performance
Sep 11, 2026
Nippon Parking Development Co., Ltd., a Prime Market-listed Japanese operator of parking and urban service assets, is pursuing growth by tying management and employee incentives to the company’s market performance. The firm aims to strengthe...
Nippon Parking Development Delivers Double-Digit Profit Growth and Lifts Dividend
Sep 11, 2026
For the fiscal year ended July 31, 2026, Nippon Parking Development reported net sales of ¥40.7 billion, up 10.5% year on year, with operating profit climbing 11.2% to ¥8.5 billion and profit attributable to owners of the parent jumping ...
Nippon Parking Development Reports Progress on Share Buyback Program
Sep 1, 2026
Nippon Parking Development has reported progress on its ongoing share buyback program authorized by its board on June 5, 2026, under the Companies Act framework. During the period from August 1 to August 31, 2026, the company repurchased 1,958,200...
Nippon Parking Development Sets Three-Year Path for Higher Dividends and Balanced Growth Investment
Aug 7, 2026
Nippon Parking Development has unveiled a medium-term shareholder return policy that commits to raising its minimum annual dividend from the planned ¥9.0 per share in the fiscal year ending July 2026 to at least ¥12.0 per share by the fi...
Nippon Parking Development Advances Share Buyback Under JPY 1 Billion Program
Aug 3, 2026
Nippon Parking Development has repurchased 520,600 shares of its common stock for approximately JPY 135 million between July 17 and July 31, 2026, via market purchases on the Tokyo Stock Exchange through a securities company. This buyback is part ...
Nippon Parking Development Expands and Digitizes Shareholder Benefit Program
Jul 27, 2026
Nippon Parking Development has announced revisions to its shareholder benefit program, effective from the end-of-January record date, with detailed benefits based on the number of shares held as of July 31. The program is designed to strengthen lo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.